For most Medicare eligible people, the Part B premium is $109 (2017). Part D premiums are determined every year during open enrollment. However, if you are a new Medicare beneficiary, or if your income exceeds the following minimums, you may be required to pay the standard premium amounts listed below. Part B Premium Adjustments In some…
When you become eligible for Medicare, we recommend that you enroll in Part D Prescription Drug coverage. Many Part D plans can help alleviate the costs of your medications; however, we understand that for some people, the cost of a plan, as well as the medication costs can be expensive. Before rejecting a Part D…
The Medicare Coverage Gap or the “donut hole” is an important and often confusing term that you need to understand if you have a Medicare Prescription Drug Plan (PDP). If a person enters the Coverage Gap, the cost of their medications may increase. We have listed some important points to help you understand the Medicare…
If you have a Medicare Advantage Plan, a Part D Prescription Plan or an Affordable Care Act (ACA) Plan, you should be receiving your Annual Notice of Change (ANOC) from your plan provider. The ANOC letter or package will highlight any changes to your coverage and costs for 2017. Remember, these plans do change every…
